Description

Foodlocker is a farm produce and consumer goods aggregator for wholesale and retail buyers that use data science and demand-matching technologies to ensure that smallholder farmers can produce efficiently and secure a guaranteed market.

Market Opportunity/ Problem

Over 33 million smallholder farmers across the African continent struggle to find markets for their products despite the existence of a US$27 billion market opportunity from large buyers in Africa. Smallholder farmers hardly have sufficient capacity to meet the needs of large buyers and often struggle to find inputs, capital, storage, logistics, and scientific production methods.

Company Information

Years of operation

3

Type of organization

Private company

Stage of the business

Growth stage

Agribusiness focus

Enabling (Digital agriculture/aggregation platforms)

Agriculture value chain(s) focus?

Food crops

Primary country of operation

Nigeria

Other country(ies) of operation

N/A

How many employees does your business have?

20

Does the business have more than 30% women ownership?

Yes

Does the business have more than 30% youth ownership (under 35 years)?

No

Financing and expansion overview

How much capital is the company currently fundraising (US$)?

>1m

What is the split between equity and debt?

55% equity, 45% debt
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How to engage

Please reach out to us on dealroom@agra.org for any queries or support. The SMEs can be reached directly through the unique link found on their company profile page.